Diluted HEPS increased from 570.2cps to 670.7cps (+3.6% y-y).
Revenue up 3.5% y-y to R6 305m. Revenue from existing stores increased by c. 1% y-y, and the 15 new stores contributed c. 2% y-y growth.
GPM rose 70bps to 25.0%.
Expenses increased 8.7% y-y, but excluding the disposal of the Malawian operations, increased 6.0% y-y. Expense-to-sales ratio up from 21.5% to 22.6%.
OPM down by 20bps to 2.6%.
Dividend of 393.0cps (1H25: 326cps).
Cash and short term funds increased by 8.1% y-y to R2 063m.
Stock levels, including new stores, increased by 8.0% y-y.
During the period, CSB opened 4 new stores, refurbished 8 stores, relocated 1 store and closed 1 underperforming store. The Group further acquired 3 Amper Alles stores (Allbuildco) and disposed of the Malawi operation with its 2 stores.
Selling price inflation was 0.8% at the end of the period.